December 17, 2004
SpeculatingStocks.com Stock Pick: Global Aircraft Solutions, Inc. (GACF)
Stock Price: $0.72 (short-term strong buy)
Global Aircraft Solutions, Inc. was formerly known as Renegade Ventures Corp. under the symbol RDVN. Through its Hamilton Aerospace and World Jet subsidiaries, Global Aircraft Solutions provides parts support and maintenance, repair and overhaul (MRO) services for large passenger jet aircraft to scheduled and charter airlines and aviation leasing companies.
GACF hit $0.73 yesterday, breaking above its July high of $0.72 and into a new range. Lots of eyes are on this stock, and there is no reason why it cannot run above $1.00 within the next couple weeks.
Revenue for the most recent quarter was $8.1 million, an increase of 59% over the same quarter last year. Net income was $678,655, or $0.02 per share. The current P/E ratio of GACF is 11.
SpeculatingStocks.com Target Price: We expect GACF to at least hit $1.00 within the next two weeks.